• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 6 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 8 hours How Far Have We Really Gotten With Alternative Energy
  • 9 days They pay YOU to TAKE Natural Gas
  • 5 days What fool thought this was a good idea...
  • 8 days Why does this keep coming up? (The Renewable Energy Land Rush Could Threaten Food Security)
  • 3 days A question...
  • 14 days The United States produced more crude oil than any nation, at any time.
Gloria Gonzalez

Gloria Gonzalez

Gloria is a writer for Environmental Finance.Environmental Finance is the leading global publication covering the ever-increasing impact of environmental issues on the lending, insurance, investment…

More Info

Premium Content

VC Fund to Tap China’s Clean-Tech Hub

Californian clean-tech investor VantagePoint Venture Partners has expanded its reach in China, launching a $100 million fund to invest in the city of Tianjin.

VantagePoint this week announced the initial closing of the Tianjin VantagePoint Hi-tech China FIVCE Fund aimed at what the firm has described as the burgeoning clean-tech and financial services sectors in Tianjin and the surrounding Bohai Rim region.

“China is one of the key places where the global clean-tech future is being defined,” said Alan Salzman, CEO and managing partner of VantagePoint. “The country is a world leader in terms of investment in clean energy and the Tianjin-Bohai Rim region is at the heart of this clean-tech revolution.”

The RMB680 million ($100 million) fund, to be managed with state-owned companies Tianjin Hi-Tech Holding Group and Tianjin Binhai Development Investment Holding Co, is the first in the area to be jointly managed by a foreign partner.

With a substantial portion of the authorised capital already committed, VantagePoint said it intends to begin deploying the fund immediately. The fund managers will be looking closely at investment opportunities in energy efficiency, LED lighting, energy storage and waste recovery, but are open to all areas of clean-tech, a spokesman said.

VantagePoint has invested more than $1 billion in the clean-tech sector. The Silicon Valley-based company established an office in Beijing in 2007 and in June launched the China Low Carbon Index in partnership with the China Beijing Environment Exchange.

This latest fund will be one of the largest of its kind in China, according to the company.  This is the first VantagePoint fund exclusively devoted to China, but the company has made a number of investments in China and other Asia countries from its US-based general funds, a spokesman said.

By. Gloria Gonzalez

ADVERTISEMENT

Source: Environmental-Finance


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News